cBook Problem 9-16 A firm's balance sheets for the last two years are as follows: YEAR 20X1 Assets Cash $ $ 2,000 Accounts receivable Tnventory Plant and equipment 27,000 21,000 70,000 Liabilities and Equity Accounts payable $ 14,000 Accruals 17,000 Cument bank note 8,000 Long-term debet 45,000 Common stock 13,000 Relained earnings 23,000 $120,000 $ $120,000 YEAR 20x2 Assets Cash $ 3.000 Accounts receivable Inventory Plant and equipment 21,000 21,000 70,000 Liabilities and Equity Accounts payable $1,000 Accruals 0.000 Current bank note 6.000 Long-term debt 49.000 Cummon stock 17,000 Retained carnings 30.000 $120,000 $ 120,000 Sales in 20x1 were $345,000. Sales in 20x2 were $345,000. a. Based solely on the current ratio and the quick ratio, has the firm's liquidity position deteriorated or improved7 Round your answers to two decimal places. Current ratios: 20x1: 20X2: Quick ratios: 20x1: 20x2: The firm's liquidity position has -Select- b. Without doing a calculation, has days sales outstanding (receivables turnover) improved? Days sale outstanding has Select c. Without doing a calculation, has inventory tumover deteriorated? Inventory turnover has Select d. If the firm carned $9,000 during 20x2, what proportion of those carnings were distributed7 Round your answer to two decimal places